Challenges Still Loom Large on the Eve of the CHIPS Act One Year Anniversary
On August 9th of last year, President Biden signed the CHIPS and Science Act to restore American semiconductor manufacturing. Commerce Secretary Gina Raimondo described the impetus in response to China’s ominous ambitions: Over the past decade, China’s leaders have made clear that they do not plan to pursue political and economic reform and are instead pursuing an alternative vision of their country’s future… [T]hey are accelerating their efforts to fuse their economic and technology policies with their military ambitions. … Semiconductors are ground-zero… As we approach the one-year anniversary, four challenges remain paramount: #1. U.S. Export Controls Still Ignore Legacy Chinese Manufacturers Legacy (or mature) chips are critical to defense systems, critical infrastructure, automobiles, medical devices, consumer electronics, and other… Read More